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New Incentives For Nigerian Power Projects

Law360 (January 12, 2011, 2:20 PM EST) -- Nigeria’s electric power sector has historically been incapable of meeting the needs of Africa’s largest and most populous nation. The country has roughly 3,500 megawatts of installed generating capacity, but insufficient maintenance, intermittent gas supply, grid instability and other factors routinely reduce available capacity to less than 2,000 MW.

To its credit, Nigeria adopted sweeping regulatory reforms in 2005 aimed at the unbundling of the national utility as well as the creation of a deregulated and competitive market for generation and distribution, with open access to...
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